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Friday, January 29,2010

U.S. trims food inflation forecast

by DTN
USDA trimmed its food inflation forecast for 2010, projecting prices at grocery stores and restaurants will rise at the same rate. USDA lowered the con- sumer price index for all food to gain 2.5 percent to 3.5 percent from its December forecast of 3 percent to 4 percent.

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Friday, January 29,2010

Get the most out of forages

by DTN
If you want to talk to a beef producer who really knows how to manage pastures, you cant do much better than Missouris John Wood. Forages are more than just one part of his herds feed regime; they are the only part.

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Friday, January 22,2010

Corn growers shift stance on climate bill

by DTN
With the potential of higher production costs and shift in crop acreage, the National Corn Growers Association (NCGA) shifted its position last Wednesday to oppose the House climate legislation that passed last June.

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Friday, January 22,2010

First U.S. bone-in beef arrives in Taiwan

by DTN
Taiwans Department of Health (DOH) promised to conduct vigorous inspections of U.S. bone-in beef following the arrival of the first batch of six packages of U.S. meat last week.

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Friday, January 22,2010

Cargill 2Q earnings tumble 59 percent

by DTN
Cargill Chairman and Chief Executive Greg Page noted the agribusiness gi ants earnings in the first half of the fiscal year were up 50 percent from the last half of the previous fiscal year amid cost controls and tapping both developed and faster-growing emerging markets.

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Friday, January 15,2010

Economy, not fundamentals, driving corn prices in 2010

by DTN
The correlation between the Dow Jones Industrial Average and the monthly close of the Reuters/Jefferies CRB Index (which tracks a basket of commodities) is a very strong 93 percent, and between the dollar and the CRB is a negative 99 percent, Newsom said.

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Friday, January 15,2010

Russia bans U.S. poultry

by DTN
Russia, which does not belong to the WTO, lowered its quota for U.S. poultry this year. But industry officials believe the chlorine issue will be worked out because Russia cannot yet produce enough to meet its needs..

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Friday, January 15,2010

Jump in rustling apparently spurred by hard economic times

by DTN
Cruising down a two-lane blacktop where the Catlow Rim drops down into a broad valley of sagebrush and bunchgrass, ranch manager Stacy Davies pulls his pickup over to let pass a herd of young bulls being trailed along the road by a couple of his buckaroos, as ranch hands are called here.

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Friday, January 15,2010

Estate tax repeal creates dilemma

by DTN
Often, wills have been written with an expectation the estate tax structure that has been in place for years would continue, estate planners say. The wills typically direct that assets that are not subject to estate tax be passed on to childrenfor 2009, up to $3.

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Friday, January 15,2010

U.S. beef exports to Taiwan remain strong

by DTN
The new Taiwanese ban is showing little impact on U.S. exports, though U.S. Meat Export Federation (USMEF) spokesman Joe Schuele said it was because there is virtually no ground beef market in Taiwan for U.S. exporters and Taiwanese demand for offal is light at best.

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